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Paramount's hostile bid for Warner Bros. Discovery is getting some help from the Trump family.
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It says the deal offer superior shareholder value and would close more quickly.
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The bidding war for Warner Bros. has turned dramatic as Paramount challenges Netflix's bid. Is that the whole point?
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Warner Bros fight heats up with $108 billion hostile bid from Paramount ReutersParamount launches a hostile takeover bid for Warner Bros. Discovery CNNMeet David Ellison, the 42-year-old Paramount Skydance CEO trying to throw a monkey wrench in Netflix's plan Business InsiderParamount Skydance launches hostile bid for WBD 'to finish what we started,' CEO Ellison tells CNBC CNBC
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Netflix won a bidding war for the Warner Bros. film studio and HBO Max streaming service, but it doesn't plan to buy WBD's TV networks.
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Paramount has launched a hostile bid for the company that's home to Casablanca, Batman and CNN. Just Friday, Netflix and Warner Brothers executives were celebrating a deal they had struck.
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The company is bypassing Warner Bros. Discovery's board and going straight to shareholders with a higher, all-cash offer.
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